Topic: Gold Price Prediction & its impact on cryptocurrencies - page 4. (Read 1055 times)
Gold and silver in many predictions will go up high, I also got info from some stock players and investors that I know. Seen from gold, which is a safer and more useful investment to avoid inflation, which is quite good. Whereas stable gold coin I pay less attention to it because I prefer real gold for a safe investment, but if I think it will also affect the stable coin, it is the same as USDT with the dollar price.
Gold is one of the few assets, which has given consistently good returns for the past 100 years or so.
Really, are you certain about that? Have you taken inflation into consideration? And anyway, I'd say that gold has been a lousy investment since 2011 when it peaked and then started its long, slow decline. Interestingly enough, from 2011 to present, you could constantly read quotes like this:That's why big investors like Warren Buffet finally decided to buy Gold.
That's highly unlikely, and I'm assuming you're not familiar with Buffett's investing style. He actually invested in a mining company and not physical gold, and my guess is that he sees value in the business itself rather than being bullish on gold. 
Lots of articles that show Gold price prediction performance, and like the prediction in the opening post it shows that Gold really is
good as a safe investment. That's why big investors like Warren Buffet finally decided to buy Gold. This has become strong evidence
that Gold is indeed a safe investment. And some of the articles I read show Gold is getting popular in 2020. In my opinion Bitcoin
and land property are another safe investment alternative besides Gold.
good as a safe investment. That's why big investors like Warren Buffet finally decided to buy Gold. This has become strong evidence
that Gold is indeed a safe investment. And some of the articles I read show Gold is getting popular in 2020. In my opinion Bitcoin
and land property are another safe investment alternative besides Gold.
Putting Bitcoin as a safe investment along with gold and silver is laughable. Things that routinely fluctuate 10% or 20% in a day are not safe havens to store wealth. Gold has thousands of years of history as a (relatively) stable store of value, but bitcoin has barely a decade and it's rife with horrific crashes. There's no way you can make a credible argument that something that volatile can be a safe haven.
Agreed, but I do think Bitcoin's monetary policy lends itself to being a store of value. It just can't be done overnight. This volatile price discovery is theoretically just part of the early adopter phase, for the same reason startup penny stocks can be so volatile. Investors are speculating on a rather binary situation: mass adoption (or capturing major market share)......or failure.
If the first scenario plays out, I could see price plateauing an order of magnitude or two higher than now, with volatility gradually declining as the speculative nature of Bitcoin becomes fully priced in over time.
Gold is still considered a rather volatile asset, easily fluctuating 1-5% in a day (it fell 6% in a day last month). I could see BTC eventually occupying a similar store of value niche and degree of volatility to gold, or certainly silver. It might take decades to get there, and maybe I won't live to see it.
I just read about the prediction that the price of gold will go to the moon
Not only gold but silver prices will also rise high. Both Gold and silver are safe heaven if you are looking to invest your money.
Unsafe Investments: Stocks / Land Property / Fiat Money
Safe Investments: Gold / Silver / Bitcoin
Putting Bitcoin as a safe investment along with gold and silver is laughable. Things that routinely fluctuate 10% or 20% in a day are not safe havens to store wealth. Gold has thousands of years of history as a (relatively) stable store of value, but bitcoin has barely a decade and it's rife with horrific crashes. There's no way you can make a credible argument that something that volatile can be a safe haven. And to be clear, investing in gold and silver doesn't make you rich, it protects what you already have from inflation (generally speaking). So that's why people call them safe havens. On the whole, they're rather terrible investments though.
I just read about the prediction that the price of gold will go to the moon
the price of Gold for the past few years
https://goldprice.org/spot-gold.html
Quote
World gold is predicted to fly to US $ 10,000 / troy ounce, by Dan Olivier, founder of Myrmikan Capital. This is a New York-based fund management company focused on gold research (Myrmikan Research) and fund manager Myrmikan Gold Fund.
Referring to the rules in the market, one troy ounce is equivalent to 31.1 grams, so the amount of US $ 10,000 per troy ounce projected by Dan Oliver, then converted by dividing the number by 31.1 grams, the result is the US $ 321.54 / gram
Referring to the rules in the market, one troy ounce is equivalent to 31.1 grams, so the amount of US $ 10,000 per troy ounce projected by Dan Oliver, then converted by dividing the number by 31.1 grams, the result is the US $ 321.54 / gram
the price of Gold for the past few years
https://goldprice.org/spot-gold.html
I won't be surprised if the gold price gone that far in the future. It's a precious metal with a limited stock as after a certain period finding gold will be too difficult. In the Asian countries each people store the GOLD as treasure. They rarely trade with it.
Quote
are you sure the price of gold will break $ 321.54 / gram and how will it affect the crypto backed-gold currencies like GOLD stable coin
give your opinion
The coin you referred, is a stable coin, promised to be backed up by real gold,( a coin priced equally as 1 gram of gold). The project is new and we need to wait and see how they performed. I have seen some of the cryptocoins back by precious metal has not performed well in earlier. They were not stable coin though. give your opinion
I have seen a lot of cool gold-backed coins, and there was one I saw that is backed by several precious metals, and it’s really cool. I just have to take my time and look into them before investing.
Why dont you simply buy Gold? You hold gold then without any risk that that company that issued token backed with gold will scam you. You will have Gold in your hands.
It is not just that they are intending to scam you. Anything can happen. They can make some bad investment and to pay debts debtor takes "your" gold. Or they get robbed. Or ... A lot of unneeded additional risk. If you own apartment or house, where you can safely store your gold it should be no brainier. If you dont own apartment or house you should rather use money there and not buying gold in first place.
I still perceive things that are not the same as the purpose of bitcoin itself, I understand that maybe he wants to invest in gold in the form of metal with the symbol of bitcoin but what is the benefit because investing in gold is just different from what is usually possible in the form of bars, necklaces, bracelets and other.
Bitcoin investing is not the same as investing in gold for two different things and you won't get more of what you do. and it is true that the other colleagues said why not just do it for gold.
Bitcoin is not a token backed by gold. Bitcoin is bitcoin and if some want to call it digital gold that is just that. My point was that I would chose real gold over gold backed tokens.
Why I am choosing Bitcoin over Gold? Simply because of my speculation that price of Bitcoin will move up much more then Gold in next 10 years.
Gold doesn't impact bitcoin prices but the same thing impacts both bitcoin and gold. People have to realize this, gold and bitcoin are both store of value stuff and there is no way that people could see them any differently from each other in that sense.
Obviously gold is a much much bigger investment thing in the world, god knows what the marketcap for gold overall is, I am not even sure if we know total supply of gold as a whole between all the gold lost and all the gold not accounted for and so forth but that same thing could be in bitcoin as well, tons of bitcoin has been lost as well. In any case, we are looking at two investments people put money into because they believe fiat will devalue and they want to keep their purchasing power the same so they invest into these two.
Obviously gold is a much much bigger investment thing in the world, god knows what the marketcap for gold overall is, I am not even sure if we know total supply of gold as a whole between all the gold lost and all the gold not accounted for and so forth but that same thing could be in bitcoin as well, tons of bitcoin has been lost as well. In any case, we are looking at two investments people put money into because they believe fiat will devalue and they want to keep their purchasing power the same so they invest into these two.
Gold is one of the few assets, which has given consistently good returns for the past 100 years or so. But the problem with gold is that it is a long-term asset. It is not suitable for short-term investments. Also, storage of gold is an issue. In order to circumvent this problem, you can go for the paper gold (ETF), but I won't regard them as 100% safe.
I have seen a lot of cool gold-backed coins, and there was one I saw that is backed by several precious metals, and it’s really cool. I just have to take my time and look into them before investing.
Why dont you simply buy Gold? You hold gold then without any risk that that company that issued token backed with gold will scam you. You will have Gold in your hands.
It is not just that they are intending to scam you. Anything can happen. They can make some bad investment and to pay debts debtor takes "your" gold. Or they get robbed. Or ... A lot of unneeded additional risk. If you own apartment or house, where you can safely store your gold it should be no brainier. If you dont own apartment or house you should rather use money there and not buying gold in first place.
I still perceive things that are not the same as the purpose of bitcoin itself, I understand that maybe he wants to invest in gold in the form of metal with the symbol of bitcoin but what is the benefit because investing in gold is just different from what is usually possible in the form of bars, necklaces, bracelets and other.
Bitcoin investing is not the same as investing in gold for two different things and you won't get more of what you do. and it is true that the other colleagues said why not just do it for gold.
I have seen a lot of cool gold-backed coins, and there was one I saw that is backed by several precious metals, and it’s really cool. I just have to take my time and look into them before investing.
Why dont you simply buy Gold? You hold gold then without any risk that that company that issued token backed with gold will scam you. You will have Gold in your hands.
It is not just that they are intending to scam you. Anything can happen. They can make some bad investment and to pay debts debtor takes "your" gold. Or they get robbed. Or ... A lot of unneeded additional risk. If you own apartment or house, where you can safely store your gold it should be no brainier. If you dont own apartment or house you should rather use money there and not buying gold in first place.
its really good to invest on gold nowadays..I am seeing lots of people interested in selling gold but i prefer to buy for my investment..and ofcourse I will continue to do cryptocurrency as this is a good investment too.
your just in time because if many people sells gold that means gold will dump in price while you , you can score more gold for a friendly price .
we dont need to be discourage if we see many people sell gold but there could be a different reason why they do that . it can be that they got interested on crypto but they dont have funds yet so they sell gold for a while
It is still a prediction and that prediction maybe right but when it comes to inflation rate I guess it is much faster tha ln the bullish thing predicted with gold. Inflation rate is always high and this is why we experience buying basic commodities too expensive.
Here in our place if then oil company can make a high increase in just a short period of time and if this happen other commodities too will increase this because most of the products depend on the oil company like most are doing transportation of products from one place to another.
And if it really happen that gold will make an increase cryptocurrency with back up gold will likely to make a increase too.
Here in our place if then oil company can make a high increase in just a short period of time and if this happen other commodities too will increase this because most of the products depend on the oil company like most are doing transportation of products from one place to another.
And if it really happen that gold will make an increase cryptocurrency with back up gold will likely to make a increase too.
its really good to invest on gold nowadays..I am seeing lots of people interested in selling gold but i prefer to buy for my investment..and ofcourse I will continue to do cryptocurrency as this is a good investment too.
Gold had an impressive run. Moving an asset upwards as big as gold is a huge success. I remember not so long ago (few years back) gold's market cap was $7 trillion, what is it now? In March it was ~$9T, it is probably now closer to $10T now.
I'd say It would keep climbing till we go back to normal.*
*By "normal" I mean before Covid19. December 2019 and before. Probably won't happen.
I'd say It would keep climbing till we go back to normal.*
*By "normal" I mean before Covid19. December 2019 and before. Probably won't happen.
I have seen a lot of cool gold-backed coins, and there was one I saw that is backed by several precious metals, and it’s really cool. I just have to take my time and look into them before investing.
Why dont you simply buy Gold? You hold gold then without any risk that that company that issued token backed with gold will scam you. You will have Gold in your hands.
Gold is a natural resource that can not be replenished and as such is limited. Gold will continue to increase in price as the population grows based on the law of supply and demand. Therefore, it is only natural that gold-backed cryptocurrencies experience the same increase in price. These crypto are dependent on gold and will increase when gold does and decreases when gold decreases too.
I have seen a lot of cool gold-backed coins, and there was one I saw that is backed by several precious metals, and it’s really cool. I just have to take my time and look into them before investing.
Why dont you simply buy Gold? You hold gold then without any risk that that company that issued token backed with gold will scam you. You will have Gold in your hands.
If a cryptocurrency (stablecoin) is backed by an asset such as gold, they will be moving accordingly. If you’re buying a stablecoin that claims to be backed by gold and precious metals, then you’re basically buying those assets, the tokens/coin you’re buying is like buying a share that gives you a possession that the company that owns the cryptocurrency is selling. That’s how it is, so they are going to be increasing in price when gold is going up.
I have seen a lot of cool gold-backed coins, and there was one I saw that is backed by several precious metals, and it’s really cool. I just have to take my time and look into them before investing.
I have seen a lot of cool gold-backed coins, and there was one I saw that is backed by several precious metals, and it’s really cool. I just have to take my time and look into them before investing.
are you sure the price of gold will break $ 321.54 / gram and how will it affect the crypto backed-gold currencies like GOLD stable coin
give your opinion
Investors tend to turn to gold as a safe-haven asset when other financial instruments are unstable, as it is one of the oldest and most valuable assets in the world. Gold continues to attract intense interest to traders and investors today, partly due to its ability to retain its value over time, along with its position. As a relatively safe asset it can act as a hedge against unstable conditions and uncertain financial conditions. So yes, it is possible that the price of gold will reach numbers that we do not expect.
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